By Laura Lutz
Des Moines, Nov. 9 - IDMoS plc announced a private placement of shares for £1.9 million.
The company sold 2.1 million ordinary shares at 90p per share.
Nomura Code Securities Ltd. acted as agent for the deal.
Directors in the company subscribed for £100,000 in the placement.
Proceeds will be used to fund the company's investment in the development of its new caries detection device dental product, its caries management support system and its expanding medical activities.
Based in Dundee, Scotland, IMDoS produces products to manage dental decay.
| Issuer: | IDMoS plc
|
| Issue: | Ordinary shares
|
| Amount: | £1.9 million
|
| Shares: | 2.1 million
|
| Price: | 90p
|
| Warrants: | No
|
| Agent: | Nomura Code Securities Ltd.
|
| Announcement date: | Nov. 9
|
| Stock symbol: | London: IDO
|
| Stock price: | 110p at close Nov. 9
|
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